IDAT vs. BERZ ETF Comparison

Comparison of Cloud Data Tech and Consumer ETF (IDAT) to MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ)
IDAT

Cloud Data Tech and Consumer ETF

IDAT Description

The fund will invest at least 80% of its assets in the component securities of the index and in investments that have economic characteristics that are substantially identical to the component securities of the index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.10

Average Daily Volume

703

Number of Holdings *

34

* may have additional holdings in another (foreign) market
BERZ

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN

BERZ Description BERZ provides daily -3x inverse exposure to an index of FANG and technology companies that meet certain requirements. The fund will consistently comprise eight core components (Alphabet, Amazon, Apple, Facebook, Microsoft, Netflix, NVIDIA, and Tesla) and include seven companies determined through a selection methodology. Eligible securities must be listed on a US exchange, classified in the technology sector, and have a market cap of at least 10 billion USD. Selection will begin with ranking the securities by market cap and selecting the 30 largest companies which will then be sorted by 12-month average daily value traded. The top seven stocks will complete the index along with the eight core components and are then equally weighted. The index is rebalanced monthly and reconstituted quarterly. As a leveraged inverse product with -3x factor that resets daily, BERZ is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period.

Grade (RS Rating)

Last Trade

$13.58

Average Daily Volume

111,282

Number of Holdings *

15

* may have additional holdings in another (foreign) market
Performance
Period IDAT BERZ
30 Days 5.00% -19.36%
60 Days 15.63% -44.75%
90 Days 15.34% -45.24%
12 Months 42.25% -76.75%
4 Overlapping Holdings
Symbol Grade Weight in IDAT Weight in BERZ Overlap
AVGO B 4.02% 6.67% 4.02%
INTC C 1.14% 6.67% 1.14%
MU C 3.01% 6.67% 3.01%
NVDA A 6.3% 6.67% 6.3%
IDAT Overweight 30 Positions Relative to BERZ
Symbol Grade Weight
ANET A 3.81%
PSTG C 3.5%
MRVL A 3.41%
WDC C 2.96%
NTNX B 2.93%
CIEN A 2.89%
QCOM C 2.76%
JNPR B 2.75%
STX C 2.63%
NXPI D 2.53%
DD C 2.39%
NET C 2.36%
DDOG B 2.28%
TWLO A 2.1%
QRVO F 2.09%
DT C 2.05%
AMT F 2.05%
MTSI A 2.01%
SWKS F 1.99%
SBAC D 1.87%
CCI D 1.85%
AKAM C 1.82%
BDC B 1.46%
LITE A 1.4%
KD B 1.26%
ESTC C 1.1%
CFLT C 1.01%
TDC F 0.75%
GDS B 0.69%
DIOD D 0.68%
IDAT Underweight 11 Positions Relative to BERZ
Symbol Grade Weight
TSLA A -6.67%
CRM B -6.67%
PANW A -6.67%
NFLX A -6.67%
GOOGL B -6.67%
AMZN A -6.67%
AMD F -6.67%
ADBE F -6.67%
AAPL B -6.67%
MSFT C -6.67%
META B -6.67%
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